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Diamond Offshore CEO Sees Drillship Rents Almost Doubling Next Year

Mar.21 -- In this week's "Commodity In Chief" segment on "Bloomberg Commodities Edge," Bloomberg's Alix Steel talks Marc Edwards, chief executive officer of Diamond Offshore Drilling. He said the company is nearly doubling rental rates for deepwater drillships as oil explorers return to sea. The increase involves long-term rig leases beginning in 2020 and beyond. The proliferation of onshore shale drilling in the past decade shattered the deepwater drilling industry and prompted some rig operators to scrap vessels that cost hundreds of millions to build.

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